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A good point Spin as I was wondering what the issue was with the share price.

I do wonder if it is the estate of Graham Mcinnes selling. He was a Director who sadly passed away and had about 0.5% of the company's shares.

You weren't too far out on the 38p dividend and the read across from MPE looks valid given what we now know wrt production and pricing. Let's hope the Board changes that have taken place start to impact strategy as we move forward. Lots of scope for the share price to re-rate if we see change.

443k@3.63

I suspect that the Tariff wars will be good for business at BEG also.

KO, Steveo has published his deal /no deal forecast which is 20p/13p.

What is yours?

I too watched the SQZ pitch today and one of my takeaways was the view expressed that Labour are listening to the North Sea business's concerns. SQZ came across to me as being confident of getting the detail of EPL changed and before 2030....fingers crossed.

I hope the new Finance guy has not found a hole in the ground or books with a liar standing next to it.

I'm pleasantly pleased with the results announced today and my reading of the general direction ENQ is headed

Maiden Dividend, albeit at the expense of buybacks is a plus.

Into profit despite EPL.

Expansion of Asian footprint and greater diversification into gas.

More deals being explored.

Debt reduced.

They even spelled out production forecast wrt Vietnam., so listening to investors.

All in all a very pleasant mornings read.

Nice set of results from and share price appreciation from MPE which should be reflected here in a few days.

Bid price now above avg my average purchase price.....the only way is up from here.

I recall watching that Tory Hunt announcing that the EPL was interlinked to both the price of Oil & Gas and therefore both would have to fall below the threshold before any suspension would apply. The Hunt then smiled and said it effectively meant it would be in place for the duration.

Labour electioneered on putting in place 'A proper windfall tax'...the uncoupling would be a start.

A typical Foolish article, buy at 12p and goes to 3.5p 2 years later.

I hold both SQZ and ENQ at a ratio of about 1:3.

The Tailwind deal was shockingly bad for SQZ and smelt very fishy from the outset...and the smell has been getting worse.

ENQ's core business was extracting value from near end-of-life oil assets including decommissioning them this is where ENQ can add value to SQZ at a production level. We don't know the proposed board structure but AB would never have signed off on the Tailwind deal and I believe he would add value where future deal-making is concerned.

ENQ have done a decent job in reducing debt but finance in the sector is tight for companies like ENQ, SQZ should be able to add value with regard to finance in the proposed combined group. ENQ is broadening its energy mix and are working on Gas in Vietnam (as well as Malaysia) and I'd like to think SQZ could add value here.

For me I think this deal makes sense for both companies but it will depend on relative views of respective valuations.

Perhaps as Tarmak says they will come back in 12 months time by which time the markets will have had time to adjust to the new realities (UK Goverment policy, Russia/ Ukraine, Drill Baby Drill, SQZ Dividend cut?)

The part they are trying to sell is not, it's a lot of oil.

The price of oil has fallen. Russian oil & gas may be back on the market in the not too distant. Carlyle will use any excuse to walk away unless the deal changes. I could be wrong ( it happened once before ) dypr etc.

IMHO Carlye are out (unless ENOG accept a lower deal price). SP will further when the announcement gets made on 21st...that may be the time to buy

Unless, like ENQ you have a spare FPSO anchored nearby.

Chester, thanks for sharing your thinking which os most likely correct. My own is that it would cost nothing to issue a simple statement saying ' result will be announced on Thurday xxth'

Do we have an interim results date yet?

I hope you are correct Ron however we will need to wait and see how this plays out.

It looks like we are stuck with the EPL for a minimum of 5 years by which time AB will be 67 and be able to pick up his state pension. SQZ will have the power in following the proposed merger as majority shareholders and AB may see it as a stepping-off point from the RIgs to a Yacht even if there is a bit of a walk along the jetty. His son may not see his future in O&G.

It's going to be interesting to see how things move forward from here and it should give us an insight on his thinking, if indeed they do move forward.